Replies to post #379470 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

So what? To prevent 10 more individual retail stockholders from buying 5 shares a piece?

This change has absolutely nothing to do with where the real money is - investor funds, namely passive funds. More stock ownership today is held in passive funds than active. The stock needs to qualify for a higher exchange and specific fundamentals to draw new ownership from investment funds. While the CEO plays pick up sticks with CFOs our stock languishes and a whole peso can just about buy you two ELTP shares.